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Naurex Names Dr. Norbert G. Riedel President and Chief Executive Officer
Date:1/8/2014

EVANSTON, Ill., Jan. 8, 2014 /PRNewswire/ -- Naurex Inc. today announced that Norbert G. Riedel, Ph.D., has been named president and chief executive officer effective January 1, 2014. Naurex's founding chief executive officer Derek Small will continue as a director of the company. 

Naurex is a biopharmaceutical company developing therapies to treat diseases of the central nervous system based on the company's proprietary platform for discovering novel compounds that act at the NMDA receptor to modulate neuronal plasticity. Its lead molecule, GLYX-13, has shown rapid-acting antidepressant activity with excellent safety in a single-dose Phase 2a clinical trial in subjects who had failed treatment with existing agents, producing statistically significant reductions in depression scores within 24 hours that lasted several days. GLYX-13 is currently in a Phase 2b repeat dose study as adjunctive therapy for major depressive disorder. Naurex's 2nd-generation antidepressant, NRX-1074, is in Phase 1 clinical studies.

"Norbert's deep knowledge of the global pharmaceutical industry spans general management, strategy and investor relations as well as R&D and new product commercialization," said Bill Gantz, executive chairman of Naurex.  "We are delighted that he is taking the helm at this important time for the company. His track record in successfully managing the development and commercialization of both pharmaceutical and biotechnology products will be invaluable as Naurex moves to the next stage. We also want to acknowledge the seminal role Derek Small has played as founding CEO in growing Naurex from a start-up to a recognized neuropharmaceutical innovator with two rapid-acting antidepressant candidates in clinical trials and a prom
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SOURCE Naurex Inc.
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